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Showing 21 - 30 of 78 results for %22Heads of Agreement%22

Dixon Advisory to pay $8.2m to settle ASIC action

KANIKA SOOD  |  FRIDAY, 9 JUL 2021
... an independent review's report. ASIC has agreed to not seek any further declarations on contraventions by DASS. The heads of agreement still needs court approval. "The board of EP1 views this as an important step towards resolving the legal proceeding ...

Industry funds flag $77bn merger

KARREN VERGARA  |  TUESDAY, 29 JUN 2021
... Hostplus and Statewide Super said formal discussions are in the works and that they intend to shortly sign an exclusive Heads of Agreement. This marks the third time this year Hostplus has joined forces with other industry funds to either merge or pool ...

QSuper makes changes ahead of merger

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
... fund QSuper have been notified of a few changes ahead of its merger with Sunsuper. After QSuper and Sunsuper executed a Heads of Agreement, confirming their intention to merge and create a $200 billion super fund in March, QSuper has now updated a number ...

EISS Super, TWUSUPER explore merger

KANIKA SOOD  |  TUESDAY, 13 APR 2021
... 8% plus over all time periods mentioned. Last month, the Australia Post Superannuation Scheme (APSS) signed a non-binding heads of agreement to explore a merger with Sunsuper, which is committed to a merger with QSuper to create a $200 billion plus fund. ...

AMP, Ares deal up in the air

ANNABELLE DICKSON  |  MONDAY, 29 MAR 2021
... debt, real estate and other minority investments, while AMP will retain a 40% stake. The 30-day exclusivity period in the heads of agreement with no certainty that the transaction will proceed. The news follows speculation last week that AMP chief executive ...

APSS explores merger with Sunsuper

ANNABELLE DICKSON  |  FRIDAY, 26 MAR 2021
The Australia Post Superannuation Scheme (APSS) has signed a non-binding heads of agreement to explore a merger with Sunsuper. The $8 billion APSS has been closed to new Australia Post employees since 2012 and has around 30,000 members. APSS Trustee's ...

Sunsuper, QSuper confirm merger will go ahead

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 15 MAR 2021
... the two funds naming the key executives and board directors to lead the $200 billion entity. The two funds have signed a Heads of Agreement to merge by September this year, a decision that is supported by the Queensland government. The move will see ...

QLD super funds advance merger

KARREN VERGARA  |  TUESDAY, 22 DEC 2020
... set to finalise as early as 1 July 2021. The board of the two Queensland-based superannuation funds have signed a binding heads of agreement following a two-and-a-half month due diligence process. Work is underway on implementing the merger, the two ...

DomaCom partners for Sharia-compliant home loans

KANIKA SOOD  |  MONDAY, 21 DEC 2020
... offer a new home finance product aimed at 700,000 Muslim Australians. DomaCom and Crescent Group have entered exclusive heads of agreement with a target launch period set for the third quarter of 2021. "[The two firms] have been working on a model which ...

QInsure ramps up claims technology

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... meet regulatory obligations. QInsure chief executive Phil Fraser said: "We will be working closely with FINEOS under this heads of agreement to ensure APRA (Australian Prudential Regulation Authority) is supportive of our approach." Fraser commented ...